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  • Tel: 86-510-66759801
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  • Contact person: Huimin Zhang
  • The Global Smart Market Will Reach US$24.341 Billion In 2020 And Will Become The New Blue Ocean Of The Future Market
    Jun 06, 2018

    With the increase of LED applications, the development of the Internet and smart technologies, the global smart industry has ushered in new development, and many emerging applications have created a good market space for the development of the smart industry.


    With the increase of LED applications, the development of the Internet and smart technologies, the global smart industry has ushered in new development, and many emerging applications have created a good market space for the development of the smart industry. With the breakthrough of luminous flux technology and continuous improvement of the light extraction efficiency, the application of intelligent street lamps will also be more extensive. It can be applied not only to traffic lights, automobiles, billboards, large-size LED display backlights, outdoor and other special fields, but also to the general field.


    2020 global smart market up to 24,341 million US dollars


    According to the Forecast Industry Research Institute’s “Intelligent Industry Analysis Report,” data shows that in 2013, the size of the global smart market industry was approximately US$5.757 billion, of which the market size of lamps and related accessories was approximately US$1.287 billion; in 2015, the global smart market reached 7.83 billion. The dollar has grown rapidly. According to the current development momentum, it is expected to reach 24.413 billion U.S. dollars in 2020, including the market size of lamps and related accessories of approximately US$8.71 billion, accounting for more than 5% of the total, with the annual growth rate exceeding 20%.

    2020年全球智能市场可达243.41亿美元,将成为未来市场的新蓝海

    Chart: Global smart market size and year-on-year change from 2013 to 2020 (Unit: US$ billion, %); Source: Forward-looking Industry Research Institute   In the domestic market, in 2022, the market size of China's smart industry was about 43.1 billion yuan, with an annual growth rate of about 23%.

    2020年全球智能市场可达243.41亿美元,将成为未来市场的新蓝海The global smart market will reach US$24.341 billion in 2020 and will become the new blue ocean of the future market. Chart: China's smart industry market size forecast for 2017-2022 (Unit: 100 million yuan); Source: Forward-looking Industry Research Institute More emphasis on human intelligence and personality intelligence The demand of the LED market is continuously expanding, and the requirements for products are constantly being upgraded. Future intelligence will shift from the development of purely intelligent functions to the intelligence that places more emphasis on human behavior. Based on human behavior, visual efficacy, and visual physiological and psychological research, the development of more scientific, human-oriented, high-efficiency, comfortable and healthy intelligent products will be the technological development direction of future products.